Sachem Capital reports Q2 net loss of $6.5M; provides IRG transaction update

Sachem Capital Corp.

2026-Q2 EPS reported -$0.29 vs consensus $0.02 ▼ miss (-1995.4%)

Net loss attributable to common shareholders of $6.5M ($0.14 per share) vs net income of $0.8M ($0.02) in Q2 2025.
Net interest income fell to $1.7M from $2.2M; provision for credit losses increased to $2.6M from $0.9M.
Transaction expenses of $2.6M related to pending IRG contribution deal; total assets $472.9M, book value per share $2.11.
IRG transaction: 98 industrial assets valued at $2.9B to be contributed; combined enterprise value ~$3.4B; 9.3M sq ft leases signed.
Common dividend maintained at $0.01 per share; Series A preferred dividend of $0.484375 per share paid.

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